Rounds by year and sector, the biggest raises, and acquisitions across Nigerian tech. All figures are disclosed-round data; undisclosed rounds are excluded from totals.
| Company | Amount | Stage | Yr | Lead investor |
|---|---|---|---|---|
| OPay | $400.0M | Series C | 2021 | SoftBank Vision Fund 2 |
| Jumia | $326.0M | Series C | 2016 | Goldman Sachs |
| Moove | $250.0M | Series C | 2026 | Mubadala Investment Company |
| Flutterwave | $250.0M | Series D | 2022 | B Capital Group |
| Airtel Mobile Commerce Nigeria Limited | $200.0M | PIPE | 2021 | TPG Rise Fund |
| Interswitch | $200.0M | Private Equity | 2019 | Visa |
| Branch | $170.0M | Series C | 2019 | Foundation Capital |
| Interswitch | $170.0M | Private Equity | 2010 | Helios Investment Partners |
| Jumia | $150.0M | Series C | 2014 | — |
| OPay | $120.0M | Series B | 2019 | Meituan |
| Moniepoint | $110.0M | Series C | 2024 | Development Partners International (DPI) |
| Interswitch | $110.0M |
| Target | Year | Acquirer | Details |
|---|---|---|---|
| Wealth8 | 2026 | LemFi | UK wealthtech and investment manager providing access to global funds for the African diaspora. |
| Pillar | 2025 | LemFi | UK cross-border credit scoring platform for immigrants. |
| Thepeer | 2024 | Chipper Cash | Tech infrastructure asset acquisition following liquidation. |
| Umba | 2024 | FairMoney | Strategic digital bank acquisition attempt across West Africa. |
| Vella Finance | 2024 | Carbon | Acquired to bolster SME business banking and cross-border trade offerings. |
| Koree | 2024 | Duplo | Francophone Africa cashback and trade tech company acquired to drive expansion. |
| Payday | 2024 | Bitmama | Acquired customer and asset base of cross-border neobank Payday. |
| ORDA | 2024 | Moniepoint | Restaurant management software and point-of-sale operating system. |
| Brass | 2024 | Paystack | Paystack led a consortium including PiggyVest, Ventures Platform, and P1 Ventures to acquire SME banking startup Brass. Brass ceased independent operations in June 2026, migrating customers to Paystack MFB. |
| Paga (Strategic Partnership & Asset Integration) | 2024 | Onafriq | Deepened cross-border remittance clearing agreements. |
| Appruve | 2023 | Smile ID | Pan-African identity verification provider acquired to expand coverage into Francophone Africa. |
| PayLater (Ghana) |
| Company | Date | Stage | Amount | Investors (lead + others) | Sector |
|---|---|---|---|---|---|
| Stitch | Feb 2022 | Series A | $21.0M | The Spruce House Partnership · PayPal Ventures, CRE Venture Capital, TrueLayer | Fintech |
| OmniRetail | Apr 2025 | Series A | $20.0M | Norfund, the Norwegian development finance institution, and Timon Capital, a Lagos-based venture capital firm · Aruwa Capital, Goodwell Investments (via Alitheia Capital), Flour Mills of Nigeria | E-commerce & Retail |
| Verto | Nov 2023 | Series B | $20.0M | Doğan Investment Bank · Quona Capital, Unicorn Growth Capital | Fintech |
| Smile ID | Feb 2023 | Series B | $20.0M | Costanoa Ventures · Commerce Ventures, Two Culture Capital, Future Africa +6 | Fintech |
| Moove | Jun 2022 | Undisclosed | $20.0M | British International Investment | Fintech |
| AccelereX | Nov 2020 | Private Equity | $20.0M | African Capital Alliance | Fintech |
| Migo | Dec 2019 | Series B | $20.0M | Valor Capital Group · Velocity Capital, The Rise Fund | Fintech |
| M-KOPA | Dec 2015 | Series D | $19.0M | Generation Investment Management · LGT Impact Ventures | Fintech |
| Konexa | Mar 2024 | Undisclosed | $18.0M | Climate Fund Managers · Microsoft | Cleantech & Energy |
| Carepoint | Nov 2021 | Series A | $18.0M | Asia Pacific Land · Breyer Capital | Healthtech |
| Moove | Oct 2022 | Undisclosed | $16.7M | Emso Asset Management | Fintech |
| Starsight | Mar 2026 | Undisclosed | $15.0M | British International Investment (BII) | Cleantech & Energy |
| Arnergy | Apr 2025 | Series B | $15.0M | CardinalStone Capital Advisers · Breakthrough Energy Ventures, Norfund, All On +2 | Cleantech & Energy |
| Watt Renewable Corporation (WATT) | Dec 2024 | Undisclosed | $15.0M | AFRIGREEN Debt Impact Fund | Cleantech & Energy |
| Omnibiz | Aug 2022 | Pre-Series A | $15.0M | Timon Capital | E-commerce & Retail |
| Umba | Apr 2022 | Series A | $15.0M | Costanoa Ventures | Fintech |
| CredPal | Mar 2022 | Undisclosed | $15.0M | Credit Direct | Fintech |
| Bamboo | Jan 2022 | Series A | $15.0M | Target Global | Fintech |
| Mono | Oct 2021 | Series A | $15.0M | Tiger Global · SBI Investment, Entrée Capital, Ingressive Capital +5 | Fintech |
| AZA Finance | Oct 2019 | Debt | $15.0M | Development Bank of Southern Africa | Fintech |
| Chipper Cash | Jun 2020 | Series A | $13.8M | Deciens Capital · RTP Global | Fintech |
| Watt Renewable Corporation | Oct 2023 | Undisclosed | $13.0M | Empower New Energy | Cleantech & Energy |
| NowNow | Sep 2022 | Seed | $13.0M | NeoVision Ventures Ltd | Fintech |
| Paga | Oct 2015 | Series B | $13.0M | Adlevo Capital · Omidyar Network, Goodwell Investments | Fintech |
| Okra Solar | Sep 2023 | Series A | $12.0M | One Ventures | Cleantech & Energy |
| Remedial Health | Aug 2023 | Series A | $12.0M | QED Investors · Ventures Platform | Healthtech |
| Terra Industries | Jan 2026 | Seed | $11.8M | 8VC · valor equity partners, lux capital, sv angel +4 | Other / Deeptech |
| ZirooPay | Apr 2022 | Series A | $11.4M | Zrosk Investment Management | Fintech |
| Koolboks | Sep 2025 | Series A | $11.0M | KawiSafi Ventures, Aruwa Capital, All On · FFEM, bpifrance | Cleantech & Energy |
| Raenest | Feb 2025 | Series A | $11.0M | QED Investors · Ventures Platform, Norrsken22, P1 Ventures +1 | Fintech |
| FairMoney | Sep 2019 | Series A | $11.0M | Flourish Ventures · Speedinvest, DST Global, Newfund | Fintech |
| Migo | Aug 2018 | Series A | $11.0M | The Rise Fund · Velocity Capital | Fintech |
| Alerzo | Aug 2021 | Series A | $10.5M | Nosara Capital · FJ Labs, Baobab Network, Signal Hill | Fintech |
| Moniepoint | Jan 2025 | Series C | $10.0M | Visa | Fintech |
| Moove | Feb 2024 | Undisclosed | $10.0M | Stride Ventures | Fintech |
| FrontEdge | Nov 2023 | Undisclosed | $10.0M | TLG Partners · Flexport | Fintech |
| Moove | Feb 2022 | Debt | $10.0M | NBK Capital Partners | Fintech |
| Leatherback | Apr 2022 | Pre-Seed | $10.0M | Zedcrest Capital | Fintech |
| NALA | Jan 2022 | Seed | $10.0M | Amplo · Y Combinator, NYCA Partners | Fintech |
| Carepoint | May 2022 | Bridge | $10.0M | TRB Advisors · Breyer Capital, M3 Inc., Asia Pacific Land +1 | Healthtech |
| Carepoint | May 2022 | Undisclosed | $10.0M | TRB Advisors | Healthtech |
| Afriex | Apr 2022 | Series A | $10.0M | Sequoia Capital China | Fintech |
| Moove | Feb 2022 | Undisclosed | $10.0M | NBK Capital Partners Mezzanine Fund II | Fintech |
| SeamlessHR | Jan 2022 | Series A | $10.0M | TLcom Capital | Fintech |
| Verto | Oct 2021 | Series A | $10.0M | Quona Capital · Unicorn Growth Capital, The Treasury, Middle East Venture Partners +3 | Fintech |
| Helium Health | May 2020 | Series A | $10.0M | — | Healthtech |
| Aella | Feb 2020 | Debt | $10.0M | HQ Financial Group | Fintech |
| Kuda | Nov 2020 | Seed | $10.0M | Target Global · Entrée Capital | Fintech |
| TradeDepot | Jul 2020 | Pre-Series B | $10.0M | Partech · MSA Capital, Chandaria Capital, International Finance Corporation | E-commerce & Retail |
| Paga | Sep 2018 | Series B | $10.0M | Global Innovation Fund · Adlevo Capital, Omidyar Network, Goodwell Investments | Fintech |
| Private Equity |
| 2022 |
| LeapFrog Investments |
| Moove | $105.0M | Pre-Series B | 2022 | Speedinvest |
| Husk Power | $103.0M | Series D | 2023 | STOA Infra & Energy |
| Moove | $100.0M | Series B | 2024 | Uber |
| Onafriq | $100.0M | Series C | 2022 | Adamaius Capital Partners |
| PalmPay | $100.0M | Series A | 2021 | Chuangshi Capital |
| Chipper Cash | $100.0M | Series C | 2021 | SVB Capital |
| Airtel Mobile Commerce Nigeria Limited | $100.0M | Secondary | 2021 | Mastercard |
| Moove | $76.0M | Undisclosed | 2023 | Mubadala Investment Company |
| M-KOPA | $75.0M | Growth | 2022 | Generation Investment Management |
| Branch | $70.0M | Series B | 2018 | Trinity Ventures |
| ThriveAgric | $56.4M | Undisclosed | 2022 | Local commercial banks |
| Stitch | $55.0M | Series B | 2025 | CRE Venture Capital |
| M-KOPA | $55.0M | Series E | 2023 | Sumitomo Corporation |
| 2023 |
| FairMoney |
| Acquired credit asset portfolio for regional expansion. |
| Chaka | 2023 | Rise | Acquired SEC-licensed stock trading platform Chaka. |
| Finja | 2023 | OPay | Pakistani fintech entity acquired for Asian cross-border expansion. |
| Tunnel | 2023 | Prembly | Acquired data infrastructure startup Tunnel. |
| Crypto.com payment processing | 2022 | Checkout.com | Acquired Crypto.com's payment technology and team for undisclosed amount. |
| Woven Finance | 2022 | Hydrogen | Hydrogen acquired Woven Finance to strengthen its payment switching/processing. |
| Orchestrate | 2022 | Bloc | Acquired payment orchestration and card switching startup to enhance payment processing depth. |
| Medshare | 2021 | Helium Health | East African healthcare technology provider acquired to expand regional presence. |
| Sendwave | 2021 | Zepz | Acquired Sendwave for approximately $500 million to expand its African remittance corridors. |
| Ekata | 2021 | Mastercard | Acquired identity verification company Ekata for undisclosed amount. |
| Plaid | 2021 | Visa | Visa agreed to acquire financial data aggregator Plaid for $5.3 billion but the deal was called off in Jan 2021 following DOJ antitrust concerns. |
| Green Lion | 2021 | TradeDepot | Ghanaian FMCG supply chain distribution platform. |
| Locusnine | 2021 | Verto | Software engineering company acquired to boost enterprise product build out. |
| Savl | 2021 | PiggyVest | Assets acquired to bolster digital wealth tools. |
| Paystack | 2020 | Stripe | Acquired for over $200 million. Paystack continues operating in Africa under The Stack Group (2026 restructuring). |
| Careem | 2020 | Uber | Acquired Middle Eastern ride-hailing company Careem for $3.1 billion. |
| Postmates | 2020 | Uber | Acquired food delivery company Postmates for $2.65 billion. |
| Beyond Limits / Beyonic | 2020 | Onafriq | Acquired East African enterprise payment platform during early scaling phase. |
| Honey | 2019 | PayPal | Acquired shopping and rewards platform Honey for approximately $4 billion. |
| Nets | 2019 | Mastercard | Acquired 75% stake in Danish payment processor Nets for ~$3.2 billion. |
| Diamond Bank | 2019 | Access Holdings | Merged into Access Bank to scale retail customer base. |
| eClat Healthcare | 2019 | Interswitch | Healthtech platform integration for healthcare payments. |
| iZettle | 2018 | PayPal | Acquired European POS company iZettle for $2.2 billion. |
| Appsynergies | 2018 | Paga | Acquired software development asset base. |
| Vocalink | 2017 | Mastercard | Acquired UK-based payment systems operator Vocalink for ~$920 million. |
| Vanso | 2016 | Interswitch | Mobile financial services and messaging provider. |
| Xoom | 2015 | PayPal | Acquired international remittance company Xoom for $890 million. |
